Besi jumps as Applied Materials plans to raise stake
BUZZ-Besi jumps as Applied Materials plans to raise stake Adds analyst comments in bullet points 2-3, updates shares
** Shares in BE Semiconductors Industries BESI.AS jump around 9% after US peer Applied Materials AMAT.O said it planned to raise its stake in the Dutch company to 20%
** "This move should reignite take-over fantasy, which is supportive to the share price," analysts at Degroof Petercam say in a note
** They add, however, that a potential takeover from Applied Materials would face hurdles from Chinese regulator, citing Beijing's recent record of blocking semiconductor-sector deals
** Applied Materials is Besi's largest shareholder since April 2025
** The company said it does not plan to raise its stake beyond 20%
** Up to the previous session's close, Besi's shares were up 9.4% YTD
(Reporting by Hugo Lhomedet)
Recent news on Applied Materials
See all newsUltra Clean Holdings up on Q3 results beat
European shares shrug off HSBC miss as other earnings, oil relief lift sentiment
Dutch chip tool maker Besi soars after Applied Materials moves to double stake (updated)
Live Markets: Soft start, FTSE dragged lower by HSBC
Besi jumps as Applied Materials plans to raise stake